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Private-Sector Financial Liabilities in Advanced Economies : Is More Better?
Tang, Man-Keung - 2007
Advanced economies have been experiencing diverse developments in accumulation of financial liabilities by their household and corporate sectors since around 1995. Crosscountry- industry evidence indicates that the type of the financial system and the degree of labor market flexibility matter...
Persistent link: https://www.econbiz.de/10014400572
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Borrower protection and the supply of credit : evidence from foreclosure laws
Dagher, Jihad C.; Sun, Yangfan - 2014
Persistent link: https://www.econbiz.de/10010479420
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Resolving residential mortgage distress : time to modify?
Andritzky, Jochen R. - 2014
Persistent link: https://www.econbiz.de/10010479448
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Borrower Protection and the Supply of Credit : Evidence from Foreclosure Laws
Dagher, Jihad - 2014
Laws governing the foreclosure process can have direct consequences on the costs of foreclosure and could therefore … it exploits an exogenous cutoff in loan eligibility to GSE guarantees which shift the burden of foreclosure costs onto … nonbinary measures of judicial requirements, illustrate the consequences of foreclosure laws on the supply of mortgage credit …
Persistent link: https://www.econbiz.de/10014411768
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Constrained efficient borrowing with sovereign default risk
Hatchondo, Juan Carlos; Martinez, Leonardo; Roch, Francisco - 2020
Persistent link: https://www.econbiz.de/10012392477
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Sovereign defaults, external debt, and real exchange rate dynamics
Asonuma, Tamon - 2016
Emerging countries experience real exchange rate depreciations around defaults. In this paper, we examine this observed pattern empirically and through the lens of a dynamic stochastic general equilibrium model. The theoretical model explicitly incorporates bond issuances in local and foreign...
Persistent link: https://www.econbiz.de/10011434712
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Risks of stagnation in the euro area
Lin, Huidan - 2016
This paper discusses the risks of stagnation over the medium term in the euro area. It examines the consequences of longer-term growth trends that predate the crisis and the progress made in addressing the crisis legacies of high unemployment and debt. The paper illustrates in a downside...
Persistent link: https://www.econbiz.de/10011436794
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Designing legal frameworks for public debt management
Addo Awadzi, Elsie - 2015
Persistent link: https://www.econbiz.de/10011374771
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The impact of bailouts on the probability of sovereign debt crises : evidence from IMF-supported programs
Balima, Wenéyam Hippolyte; Sy, Amadou N. R. - 2019
This paper studies the role of IMF-supported programs in mitigating the likelihood of subsequent sovereign defaults in borrowing countries. Using a panel of 106 developing countries from 1970 to 2016 and an entropy balancing methodology, we find that IMF-supported programs significantly reduce...
Persistent link: https://www.econbiz.de/10011996413
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A guide to sovereign debt data
Abbas, S. Ali; Rogoff, Kenneth S.; Huang, Chengyu; … - 2019
The last decade or so has seen a mushrooming of new sovereign debt databases covering long time spans for several countries. This represents an important breakthrough for economists who have long sought to, but been unable to tackle, first-order questions such as why countries have differential...
Persistent link: https://www.econbiz.de/10012103726